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Blockaid disclosed on platform X that the Alephium TokenBridge Ethereum cross-chain bridge was attacked. The attacker controlled 3 out of 4 Guardian keys to forge a VAA (Verification Authorization Message) and completed the attack in about 7 minutes, stealing approximately $815,000 in assets.During the attack, the attacker minted 13.76 million Wrapped ALPH out of thin air, exceeding the circulating supply before the attack by over 100%, while also unlocking and transferring assets such as USDT, USDC, WBTC, and WETH from the custody pool.Currently, the attacker's address still holds approximately $815,000 in stolen assets and 13.76 million uncollateralized Wrapped ALPH, with the largest abnormal transaction being the minting of 13.76 million Wrapped ALPH out of thin air.

Driven by optimistic expectations for an extended ceasefire agreement between the U.S. and Iran, the U.S. stock and oil markets continued to strengthen this week. The S&P 500 index rose for the ninth consecutive week, setting the longest winning streak since 2023; Brent crude oil stabilized around $92 per barrel. However, the cryptocurrency market failed to follow the rise of macro risk assets. Over the past week, Bitcoin fell 2.6% to $73,445, Ethereum dropped 2.5% to $2,011, Solana decreased by 2.2%, and TRX saw a decline of 5.6%, making it one of the weakest tokens among the top ten cryptocurrencies by market capitalization. Market analysts believe that the cooling inflow of funds into spot Bitcoin ETFs is putting pressure on coin prices.In contrast, some small and mid-cap tokens performed remarkably well. Among them, the native token of Hyperliquid, HYPE, surged 19.4% this week to around $65, becoming the biggest highlight in the market. Previously, Intercontinental Exchange (ICE) CEO Jeffrey Sprecher referred to Hyperliquid as "a bigger opportunity than Nasdaq" at the Bernstein conference, further boosting market sentiment. Additionally, BNB rose 1.9% this week, XRP increased by 0.7%, and DOGE remained basically flat.On the macro level, U.S. President Trump stated that a final decision on the U.S.-Iran ceasefire memorandum is close, but he still insists on Iran abandoning its nuclear program, handing over its enriched uranium stockpile, and opening the Strait of Hormuz. Market participants believe that due to significant differences between the two sides on key issues, the current rebound in risk assets remains relatively fragile, and any negative news regarding the Iran negotiations could trigger a reversal in market sentiment.

According to SoSoValue data, on May 29, Eastern Time, the total net outflow of Ethereum spot ETFs was $17.9112 million. The Ethereum spot ETF with the highest single-day net inflow yesterday was Fidelity ETF FETH, with a single-day net inflow of $10.5337 million, and the historical total net inflow of FETH has reached $2.153 billion. The second was Blackrock Staked ETH ETF ETHB, with a single-day net inflow of $9.3242 million, and the historical total net inflow of ETHB has reached $531 million.The Ethereum spot ETF with the highest single-day net outflow yesterday was Blackrock ETF ETHA, with a single-day net outflow of $40.7173 million, and the historical total net inflow of ETHA has reached $11.435 billion. As of the time of writing, the total net asset value of Ethereum spot ETFs is $11.266 billion, and the ETF net asset ratio (the market value as a percentage of the total market value of Ethereum) is 4.63%, with a historical cumulative net inflow of $11.374 billion.

According to monitoring by Lookonchain, an early participant in Ethereum is continuously reducing their holdings of ETH.Data shows that in the past week, this address has sold a total of 55,000 ETH and 9,442 wstETH, with a total value of approximately 136.25 million dollars, and an average selling price of about 2,041 dollars per ETH.

According to The Defiant, the Chicago Mercantile Exchange Group (CME Group) announced a comprehensive upgrade to its cryptocurrency derivatives business, with Bitcoin and Ethereum futures and options products now supporting 24/7 trading, eliminating the previous fixed trading hours.This move aims to align with the around-the-clock nature of the spot market, providing a more flexible trading environment for institutional and retail traders, and is expected to further enhance trading volume and price discovery efficiency.

Analyst Alicharts stated that if Ethereum's weekly closing price falls below $1850, a downward acceleration will become very likely. Through technical analysis, Alicharts believes that Ethereum's downward support levels will appear at the following targets:• First target: approximately $1560 (mid-term structural support);• Second target: close to $1070, marking the lower boundary of a multi-year range.

According to Onchain Lens monitoring, the Ethereum treasury company FG Nexus deposited 5,000 ETH (10.06 million USD) into Galaxy Digital and still holds 16,354 ETH (34.15 million USD).

According to SoSoValue data, yesterday (Eastern Time May 28) the total net outflow of Ethereum spot ETFs was $121 million.The Ethereum spot ETF with the highest single-day net inflow yesterday was Blackrock Staked ETH ETF ETHB, with a single-day net inflow of $3.1145 million. Currently, the historical total net inflow of ETHB has reached $521 million.The Ethereum spot ETF with the highest single-day net outflow yesterday was Blackrock ETF ETHA, with a single-day net outflow of $80.3895 million. Currently, the historical total net inflow of ETHA has reached $11.476 billion.As of the time of writing, the total net asset value of Ethereum spot ETFs is $11.296 billion, and the ETF net asset ratio (the market value as a percentage of the total market value of Ethereum) is 4.65%. The historical cumulative net inflow has reached $11.392 billion.

According to Santiment data, wallets holding at least 100,000 ETH currently hold approximately 17.41 million ETH, reaching the highest level in 9 weeks. This holding accounts for 22.03% of the total supply of Ethereum, setting a new 10-week high.Data shows that during the recent decline in ETH prices, these largest whales have continued to accumulate chips.

According to 10x Research analysis, the Ethereum options market has seen an unusually large volume of put option buying, with contract flows at strike prices of $1800 and $1900 being about five times the normal levels.The institution believes that while Ethereum is cheap today, cheap does not equate to a buying opportunity. Fundamentals ultimately determine price, and marketing narratives can only sustain deviations for a limited time; eventually, reality will re-establish dominance.

According to The Block, based on the latest official documentation, Tether's USAT supply has increased by nearly 540% month-on-month, rising from approximately 22 million in March to over 140 million in April, with the total reserve balance also increasing to about 141 million USD, which means that the reserve surplus is approximately 327,000 USD relative to the circulating token quantity.Tether CEO Paolo Ardoino stated that the adoption of regulated digital dollars is accelerating, and as stablecoin regulations become clearer, institutions will seek digital dollars that combine scale, regulated issuance, and transparent reserve reporting. USAT was launched in January, aiming to comply with the requirements of the GENIUS Act, marking Tether's attempt to enter the U.S. regulatory framework.

According to Jinshi reports, Federal Reserve's Musalem stated that whether to raise interest rates, lower interest rates, or maintain the current rate will depend on the development of the economic situation.

According to Lookonchain monitoring, the net outflow of Bitcoin ETFs in the United States is 9,012 BTC, the net outflow of Ethereum ETFs is 40,247 ETH, and the net inflow of Solana ETFs is 2,401 SOL.

According to OnchainLens monitoring, a certain early Ethereum whale deposited 1,600 ETH into Kraken, worth 3.18 million USD, and currently holds 400 ETH, worth 792,000 USD.It is reported that this whale once spent 622 USD to purchase 2,000 ETH, which is now worth 3.96 million USD, achieving a return of 6,373 times.

According to analyst Yu Jin, after the launch of the spot ETF, the price trends of BTC and ETH are basically consistent with the fund flows of the ETF: inflows correspond to price increases, and outflows correspond to price decreases.The data provided states that from October last year to now, the BTC ETF size has decreased from $169.5 billion to $96.4 billion, a reduction of 43%. During the same period, the price of BTC fell from $125,000 to $73,000, a decline of 41%; the ETH ETF size decreased from $32 billion to $11.6 billion, a reduction of 63%, while the price of ETH dropped from $4,800 to $2,000, a decline of 59%. Recently, the ETF has continued to experience net outflows, corresponding to a price decline that has lasted for about half a month.

According to The Block, Standard Chartered Bank believes that the recent sharp decline in ETH prices does not reflect the continuous improvement of internal indicators on the Ethereum network, comparing it to Amazon's phase after the tech bubble burst in 2001. The bank maintains its ETH price targets: $4,000 by the end of 2026 and $40,000 by the end of 2030, and expects the ETH/BTC exchange rate to rebound to about 0.08 by the end of this decade.The bank stated that Ethereum dominates the stablecoin and RWA (real-world asset tokenization) sectors, expecting the market value of both stablecoins and non-stablecoin RWAs to increase to about $2 trillion by 2028, which will drive Ethereum's trading volume and TVL to new highs, pushing ETH prices upward.

According to The Block, Bit Digital announced a $100 million delayed withdrawal term loan to its controlled AI infrastructure company WhiteFiber's subsidiary, which can be extended to $150 million by mutual agreement, to support WhiteFiber's recent high-performance computing and AI expansion plans.Bit Digital stated that the loan funds will be disbursed partially or fully through an Ethereum-denominated secured credit facility, allowing the company to earn financing spreads while maintaining ETH exposure.

ETH has fallen below $2000 for the first time since March this year. Over the past 7 days, ETH has cumulatively dropped nearly 8%, with a decline of over 5% in the last 24 hours. Meanwhile, ETH futures open interest (OI) has risen for the third consecutive day, reaching a historic high of 16.39 million ETH, with a nominal value of approximately $3.25 billion. Analysts believe that the continuous rise in OI against the backdrop of falling spot prices indicates that the market is experiencing more aggressive leveraged short-selling behavior.Markus Thielen, founder of 10x Research, stated that more and more investors are beginning to abandon ETH, "ETH does not generate cash flow, and in the context of rising U.S. Treasury yields, the attractiveness of staking yields is declining." Additionally, U.S. spot ETH ETFs have seen a cumulative net outflow of $401 million this month, completely reversing the net inflow of $354 million in April. Market sentiment has also continued to deteriorate due to the departure of core members from the Ethereum Foundation.David Hoffman, co-founder of Bankless, previously stated that he has sold his ETH holdings, believing that the narrative of "ETH as currency" has been fully priced in. The Web3 research institution House of Chimera indicated that the market is questioning the advantages of the Ethereum ecosystem in DeFi, RWA, and tokenization, and whether it can truly reflect back to the ETH token itself.